Leonardo sees earnings up 5-6% 2018-2022 (2)

Shares tumble on business plan

(ANSA) - Rome, January 30 - Aerospace giant Leonardo said
Tuesday it saw average yearly earnings rising 5-6% over the
five-year (RPT five-year) period from 2018 to 2022.
It said orders would rise above an average yearly 6%.
CEO Alessandro Profumo said the group was aiming for
"sustainable development" and had framed a "new commercial
strategy for growth".
Leonardo confirmed its 2017 guidance after a warning in
November.
It said earnings, EBITDA and free operating cash flow would
be in the bottom range of the guidance as revised in November.
The company's stock fell 7% in Milan on 2017 profit estimates
and the new business plan, before being suspended for excessive
losses.
Leonardo was formerly known as Finmeccanica.
photo: Profumo